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EURUSD

  • #9,401
  • May 16, 2008 4:56am May 16, 2008 4:56am
Daily candle of e/u has made it's high for the day.

Should go down and make a new low. Way low I think.

Watch out bulls.
  • #9,402
  • May 16, 2008 4:57am May 16, 2008 4:57am
Quoting FXCapitalist
Upsidedown/Reverse head and shoulders (i tried to make the ellipses look like mickey i know, no pun intended but it's a mickey mouse job of analysis) lol it works
Heh, I like Mickey
Looking like a head and shoulders on the daily. Will it break out today?
That is the question.
Attached Image (click to enlarge)
Click to Enlarge Name: h_and_s.gif Size: 12 KB
  • #9,403
  • May 16, 2008 5:02am May 16, 2008 5:02am
Quoting uncleforex
Divergence kills.

Simple as that.
Whatever works for you works. I have my ways. Maybe divergence didn't work for you who knows.

Adapt is key. Thats all i have to say.
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,404
  • May 16, 2008 5:05am May 16, 2008 5:05am
Quoting Russell
Heh, I like Mickey
Looking like a head and shoulders on the daily. Will it break out today?
That is the question.
That we have yet to see and if it does. break I have a sell limit fading up to those levels
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,405
  • May 16, 2008 5:08am May 16, 2008 5:08am
Sell limits @ around 1.5650-1.5750 for the stop and reverse momentum (just incase a break to the upside and those levels get hit profit is locked and closed out when momentum reverses.. We'll see what the IB's do today. more later still scanning through the business wires. brb.
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,406
  • May 16, 2008 5:10am May 16, 2008 5:10am
Quoting uncleforex
I trade naked....and I believe myself. I dun let the noise of the market influence me.

Generally I think it is building up for a drop. When I wont know.
Well, you have to trade what YOU see. I left 250+ pips on the table
this week because I chickened out and did'nt trade what I saw.
  • #9,407
  • May 16, 2008 5:12am May 16, 2008 5:12am
Even if it goes up eventually, I'd say it's likely it'll be pulled down first to mid 53 and close to the daily 100ema first.
On the path to Enrichment.
  • #9,408
  • May 16, 2008 5:19am May 16, 2008 5:19am
All I have to say about them is all hawkish confused nonsense

Liikanen "Exaggerated nervousness in financial markets...overshooting is followed by undershooting....exaggerated nervousnes risk aversion and mistrust" <---wtf is that = choppy sideways movements nervous by their bs words.

On another note with that BS


BNP sells 45,000,000 EUR 1.5470
CS sells 50,000,000 EUR 1.5467
DB sells 90,000,000 EUR 1.5467
DB sells 75,000,000 EUR 1.5465
UBS sells 17,000,000 EUR 1.5464

(RTRS)
06:18:10
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,409
  • May 16, 2008 5:20am May 16, 2008 5:20am
Quoting Russell
Well, you have to trade what YOU see.
It's a lot better to just trade what EVERYBODY sees... (But for that first one should forget those bigger timeframes where there are rarely such situations and mostly idle wonderings of "where it'll go", and take small and precise bites on the small timeframes where you can often see moves verified completely by as multiple factors as possible - once you've calibrated them all to show you such moves).
On the path to Enrichment.
  • #9,410
  • May 16, 2008 5:21am May 16, 2008 5:21am
Stupid ECB is having a kick out of probably watching the EUR/USD charts screwdrive around sideways.
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,411
  • May 16, 2008 5:21am May 16, 2008 5:21am
USD strength at last
  • #9,412
  • May 16, 2008 5:22am May 16, 2008 5:22am
Quoting FXCapitalist
BNP sells 45,000,000 EUR 1.5470
CS sells 50,000,000 EUR 1.5467
DB sells 90,000,000 EUR 1.5467
DB sells 75,000,000 EUR 1.5465
UBS sells 17,000,000 EUR 1.5464

(RTRS)
06:18:10
From where do you get this ? Are those reports LIVE ?
On the path to Enrichment.
  • #9,413
  • May 16, 2008 5:23am May 16, 2008 5:23am
Liikanen update after confusing us he states "The euro will provide price stability and promote economic activity." <----yeah like it's doing that right now. more like price siezures.
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,414
  • May 16, 2008 5:49am May 16, 2008 5:49am
some positions being taken....brb more on the move when it happens.
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,415
  • May 16, 2008 5:50am May 16, 2008 5:50am
Quoting Jurrasic
From where do you get this ? Are those reports LIVE ?
match it with the price movement on the charts and you tell me if its live.
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,416
  • May 16, 2008 5:52am May 16, 2008 5:52am
Quoting uncleforex
USD strength at last
LOL due to ECB not knowing what to say and when to say it. lol nice smile by the way haha. I do want the dollar to strengthen though, just after i squeeze out some more pips from the slowing euro.
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,417
  • May 16, 2008 5:56am May 16, 2008 5:56am
16 May EUR/USD Daily
11:25 - Once again EUR has met sellers in the upper part of the May range, with resistance levels now at 1.5486 and 1.5522 ahead of 1.5547 and 1.5565/70. We still see gains capped.
Support 1.5463/50 is now under test, with below 1.5438 and 1.5417. Beneath there look for 1.5393. [AW]

R5: 1.5593 * 6 May high
R4: 1.5565/70 * 13, 12 May highs
R3: 1.5547 * 15 May high
R2: 1.5522 current 16 May high
R1: 1.5486 hour low, break
S1: 1.5463/50 hour lows, congestion
S2: 1.5438 current 16 May low
S3: 1.5417 15 May low
S4: 1.5393 * 14 May low
S5: 1.5364 * 12 May low
  • #9,418
  • May 16, 2008 5:58am May 16, 2008 5:58am
RBS buys 15,000,000 EUR 1.5461
----------------------------------
UBS sells 20,000,000 EUR 1.5461
----------------------------------
JPM sells 95,000,000 EUR 1.5460
----------------------------------
SCG buys 47,000,000 EUR 1.5460
----------------------------------
BNP sells 55,000,000 EUR 1.5461
----------------------------------
CS sells 93,750,000 EUR 1.5460
----------------------------------
MS sells 100,000,000 EUR 1.5459
----------------------------------
DB sells 40,000,000 EUR 1.5459
DB sells 80,000,000 EUR 1.5457
DB sells 160,900,000 EUR 1.5455
----------------------------------
CS sells 120,000,000 EUR 1.5455
----------------------------------
BNP sells 250,000,000 EUR 1.5453
----------------------------------
DB buys 577,700,000 EUR 1.5452
----------------------------------
----------------------------------
--data end--

(RTRS)

06:58:27









DB = Ownage
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,419
  • May 16, 2008 6:01am May 16, 2008 6:01am
Looks like a fight.

DB is hitting heavy.

more later.
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,420
  • May 16, 2008 6:08am May 16, 2008 6:08am
SCG buys 86,000,000 EUR 1.5460
BNP buys 91,000,000 EUR 1.5462
-----------------------------------

(RTRS)

07:07:55
"Diversification is an excuse for a lack of talent" ~FXC
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